Pros
-job security (you can give minimal effort and no one will call you out on it) -basic 9-5 hours (periodically longer/shorter days) -presence counts for more than effort
Cons
-horrible management for development program -the manager is more concerned about retention than growth -favorites based on who completes ad-hoc tasks that are often busy work or meant for the manager to complete -compensation/bonus is same across the program, regardless of reviews/effort -effectively discourages hard work/ambition -limited vertical mobility (unless you suck up to senior management) -senior people will be hired with no knowledge of processes or even how to use excel!! junior PMs end up doing the senior PMs work. -legacy/connections matter more than ability (hurts bank in the long run) -referral hires coast through with impunity -transformation program has yielded negative ROI -3 month training that teaches you nothing about internal processes